If you voted for Obama this should cheer you up. According to this dude (and everyone he works with if you read the comments section) we have about 25 years before the US is bankrupt. The good news for democrats is this probably would have happened regardless of who is in the white house, it will just be quicker with the democrats. Why you ask? Well call up your credit card company and ask them to raise your limit $5000. If you're a good customer they'll probably agree no problem (maybe not these days). Call them up in 3 months and ask them to do it again. Keep going until they say no. During this time max out to the limit each time and only pay the minimum balance due. See where this is heading. Pretty much what we're doing as a country all the time. The monopoly economist dude gives you a grim picture of our future if we stay down this path.
Read it here -
http://freenj.blogspot.com/2009/01/inching-toward-lifeboat.htmlLabels: Economics
Pimp my President? I thought Obama was for the kids? Where are the 22's? At least they're chrome, but no tint? What about the system, it better be bumpin!
Okay so you were too lazy to read any of the economy stuff that I linked to. Fair enough, after all you probably don't read 99% of what I put up. Well this dude is breaking it down smarter than a 5th grade style. He used Monopoly to explain why the Democratic economic policies are bad news. Its a little NJ-centric as he admits but it applies more broadly now that we're getting close to Obamatime.
It is funny stuff as well as educational, just the balance we try to achieve at DTOM. Like the discovery channel, sort of.
Anyway check out Radio Free NJ here.Labels: Economics, Election
Craig suggested we try and call this a 'Green' Democross car based on the fact that he was able to reuse most of the original exhaust when making the side pipes, however I think the fact that it has no catalytic converters and no hopes of passing even the loosest emissions test may not make Al Gore too happy.
It is disappointing but I think we've completed the democross car. There may be some quick 'style' updates but the heavy lifting is done. The master cylinder search took too much time away from the 'goodies' section. But we have a long list of things for next year and more time to find them cheaply like: NOS system, musical horn, smoke screen, flame shooting exhaust, air bags, exhaust through the hood, etc.
Thinking about the 'green' thing and the attention it gets prompted me to consider the election. I've stayed away from politics here because I don't think there is much point arguing it, no one ever changes their mind, but I'll mention a few things since this is my show. If you don't like it stop reading now.
Everyone worries about global warming and what will it do to our 'children', to be frank the democratic plans to redistribute wealth with the increase in taxes, and our government's policy (D and R alike) of deficit spending is much more concerning and probably a greater danger to your children than whether an African Night Owl is endangered or that an ice floe has melted north of Greenland. If Obama is elected he'll have a sympathetic Congress and look out for what comes next. I hope they stop at nationalized medicine but who knows. Nationalized healthcare, which I've heard described as the efficiency of the DMV with the compassion of the IRS.
Economics is confusing, at least it was to me in college, the best book that I've found that gives a clear explanation of the free market and why (for the most part) things should be allowed to run their course is written by a man named
Henry Hazlitt in 1946. It is as relevant today as it was then and uses very clear examples of how economic principles work and why they work.
You can read the
entire book online here Economics in One Lesson.When you finish that if you're interested he talks about why taxing the rich isn't the answer to poverty
here in Man Vs. The Welfare State.
If you can read both of those and still vote Democrat, I'd be shocked.
Labels: Democross, Economics, Election
